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Patriotic Republic

Not tax-deductible

Chicago, IL501(c)(4)Social Science EIN 83-1589303Revenue $107K in FY2024

On file with the IRS191 N Wacker Dr Ste 2050, 60606-1615 · Chicago, ILTax-exempt since May 2019

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Educate the public regarding public policy issues and promote advances in public policy

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
Run by 3 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $604K a year · 447% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Plus $2.9M in investments, Pt X · Ln 11–13
Looks good: 7.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 1 voting members
Looks good: 1 of 1 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$107K
+49% vs prior year
Spent
$20K
To programs
0%
Net assets
$2.9M
By yearFY2020–FY2024
Revenue
$107K
FY2024▲ +49%
Tap a bar for its year
Revenue by fiscal year
FY2020$149K
FY2021$272K
FY2022$76K
FY2023$71K
FY2024$107K
Expenses
$20K
FY2024▼ -97%
Tap a bar for its year
Expenses by fiscal year
FY2020$0
FY2021$3.0M
FY2022$57K
FY2023$570K
FY2024$20K
Net assets
$2.9M
FY2024▲ +0.6%
Tap a bar for its year
Net assets by fiscal year
FY2020$7.0M
FY2021$3.8M
FY2022$3.3M
FY2023$2.9M
FY2024$2.9M

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Management & general 100% · $20K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Reid Hoffman
President/Chair/Director
$0Pt VII · Sec A
Frank Huang
Secretary
$0Pt VII · Sec A
Zack Herlick
Treasurer
$0Pt VII · Sec A
See Patriotic Republic executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates the public on policy issues and promotes policy advancements.

Questions for Patriotic Republic

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Provided by the organization

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1 program · in their own filed words · FY2024
01

The organization promotes public policy change through education, advocacy, grantmaking and other activities, and it promotes the general welfare of individuals and their communities through public education and by advocating for beneficial changes in public policy.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 9 grants · $3.6M · 2021–2023
Rapid Resist ActionIL · FY2023$270,000
Catalist LLCFY2023$200,000
Grab Your Wallet AllianceCA · FY2023$100,000
Workmoney INCWI · FY2021$1,250,000
Workmoney INCWI · FY2021$750,000
Ipi Action Fund INCIL · FY2021$500,000
Democratic Majority for IsraelDC · FY2021$250,000
Rapid Resist ActionIL · FY2021$180,000
Frameshift LLCFY2021$120,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$107K
Ln 12
Investment incomeLn 3$107K
Money outPt IX
$20K
Ln 25
Managementcol C$20K
Owns and owesPt X
$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$12K
Total assetsLn 16$2.9M
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$107K
Total revenueLn 12$107K
Assets in detailPt X, end of year
SavingsLn 2$12K
Cash and savings togetherLn 1–2$12K
InvestmentsLn 11–13$2.9M
Total assetsLn 16$2.9M
LiabilitiesLn 26$0
Net assetsLn 32$2.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$31K$12K
InvestmentsLn 11–13$2.8M$2.9M
Total assetsLn 16$2.9M$2.9M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.9M$2.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other expenses (24a–d)Ln 24$20K$20K
Total functional expensesLn 25$20K$0$20K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $107K$20K$87K$2.9M 990 PDF
FY2023 $71K$570K−$499K$2.9M 990 PDF
FY2022 $76K$57K$19K$3.3M 990 PDF
FY2021 $272K$3.0M−$2.8M$3.8M 990 PDF
FY2020 $149K$0$149K$7.0M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $106,728 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $71,458$106,728
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $71,458$106,728
I-13 Grants and similar amounts paidPrior year $570,000$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$19,777
I-18 Total expensesPrior year $570,000$19,777
I-19 Revenue less expensesPrior year −$498,542$86,951
Part VI · Governance 1 of 1 board members independent, 2 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members1
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $106,728 across 2 lines filed
VIII-3 Investment incomeExcluded from tax $106,728$106,728
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $106,728$106,728
Part IX · Statement of functional expenses $19,777 across 1 line filed
IX-24 Other expenses (24a–d)Management $19,777$19,777
IX-25 Total functional expensesPrograms $0 · Management $19,777 · Fundraising $0$19,777
Part X · Balance sheet $2,896,845 assets, 6 lines filed
X-2 Savings and temporary cash investmentsStart of year $31,291$12,360
X-11 Publicly traded securitiesStart of year $2,847,470$2,884,485
X-16 Total assetsStart of year $2,878,761$2,896,845
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $2,878,761$2,896,845
X-33 Total liabilities and net assetsStart of year $2,878,761$2,896,845
Part XI · Reconciliation of net assets $2,896,845 net assets at year end
XI-1 Total revenue$106,728
XI-2 Total expenses$19,777
XI-3 Revenue less expenses$86,951
XI-4 Net assets at start of year$2,878,761
XI-5 Net unrealized gains (losses) on investments−$68,867
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,896,845

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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